In great leaps forward: Since the Velvet Revolution of 1989, the Czech economy has grown steadily and the standard of living increased substantially. In previous years GDP grew annually by up to 6% (in 2005), reaching one of the highest growth rates among European countries while inflation remained low and unemployment was reduced. The slowdown caused by the worldwide recession currently puts on hold the steady economic development - a further leap forward can certainly be expected in the near future.
Well connected: The Czech Republic disposes of one of the most advanced transport networks in the CEE Region. Its geographic position makes it a natural crossroads for major transit corridors. Not surprisingly, the Czech Republic is also ranked among the world's most advanced countries in terms of transport-network density.
In the centre: The Czech Republic is located very close to the “European Banana”. This geographic area is considered as the best choice for investments in transport and logistics because of its ideal location with regards to consumption and production zones. This, together with being an EU member, makes the country a perfect gateway to the single European market of 455 million consumers.
Brainy people: The Czech Republic combines an outstanding level of general education with strong science and engineering disciplines. According to a 2005 OECD study, the country ranked 1st among European countries in terms of the share of population that achieved at least upper secondary education. Technical education in Czech Republic has a long tradition and enjoys a strong reputation. About a third of Czech students study economics, finance or IT. According to a recent Eurobarometer survey 61% of Czechs are able to speak a foreign language (predominantly English and German).
